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In a move widely anticipated by Wall Street, the Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point – with a possibility of one more increase in the cards before year-end. Effectively, the rate hike moves the central bank’s target range on the overnight
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For months, many investors had viewed the 4.5% yield on the benchmark 10-year note as an attractive point to step in and buy bonds. But as yields surged through that level, market participants adjusted their view and opinion. Analysts and economists then believed that the 10-year yield was headi
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On the day the United States remembered the terrorist attacks 25 years ago, Malaysia was almost hit by a huge explosion on September 11 – a sudden release of Najib Razak from jail. Currently in Kajang Prison, Najib was scheduled to complete his term only on Aug 23, 2028 after securing a part
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Brent, the international benchmark, jumped above US$99 a barrel on Tuesday (Sept 8) - the highest since July - after Iran-backed Houthi militants in Yemen conducted strikes on energy infrastructure in Saudi Arabia. The oil prices also jumped as a result of retaliation from the U.S. that d
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Don’t criticize UMNO-Malays as we need their votes in the next general election - Anwar Ibrahim told Anthony Loke Siew Fook, the secretary-general of Democratic Action Party (DAP) who gladly obliged after Anwar-led Pakatan Harapan (PH) coalition formed a unity government with UMNO-led Barisan Nas
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Donald Trump hails “historic” deal for the U.S. to control 65 billion barrels of Venezuela's oil, which critics slammed as a deal made at “gunpoint”. Of course, the U.S. has denied that the energy deal, which the U.S. president bragged as “the biggest oil deal in world history”, is an e
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Despite approval rating hitting 32%, Donald Trump’s worry isn’t about re-election or the Iran war. Instead, the U.S. president, whose second-term has seen the Dow Jones, S&P 500 and Nasdaq rallied 57%, 70%, and 142% respectively, is deeply worried about a stock market crash. After all, he h
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A day before former human resources minister M Saravanan was charged on Friday (August 28) with receiving bribes amounting to RM1.097 million to approve foreign worker quotas, he publicly trumpeted how he had written to Prime Minister Anwar Ibrahim on Wednesday about what he called the Malaysian An
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Everybody from teachers to retirees joined South Korea’s stock market frenzy, betting prices would rise forever. Samsung Elecronics share price was up by 320% in June 2026 – a staggering jump from October 2025. In the same period of nine months, SK Hynix jumped by 710%. KOSPI Composite Index sk
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Wall Street's massive data edge is evaporating. The elite technology that once required a multi-million-dollar quantitative setup, dedicated server rooms, and teams of PhD mathematicians is now sitting on consumer laptops. This isn't about magical market forecasting or finding a flawless crystal ba
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January 3rd, 2007 by financetwitter
In 1954, a 52-year-old milk-shake machine salesman saw a hamburger stand in San Bernardino, California and envisioned immediately a massive new industry: fast food. Raymond Kroc, the founder of McDonald's Corporation (NYSE : MCD, quote) revolutionized the American restaurant industry by re-create a [...]
January 2nd, 2007 by financetwitter
If you are an immigrant, chances are you are paying huge fees in the process of wire-transfer your hard-earned money back to your home country. In the worldwide remittance industry worth about $ 268 billion, the major player is none other than Western Union which made almost $ 1 billion on sales. It [...]
January 1st, 2007 by financetwitter
Running into the New-Year-Eve, three of the world’s main low-cost airline share their dreams and initiative to start a long-haul budget airline company based in Malaysia that will offer airfares as low as RM100 for flights between China and Malaysia. "The government and the carriers concerned are [...]
December 29th, 2006 by financetwitter
It's those time of the year again, the time when everyone is looking forward to another new year hoping for the better (than the previous year - I mean this year, 2006). It's human nature to hope, pray and hope again that everything will start afresh with - a healthier life, better fortune, greater [...]
December 29th, 2006 by financetwitter
Blogging communities are buzzing with news that Microsoft Corporation (Nasdaq : MSFT) together with Advanced Micro Devices Inc (NYSE : AMD) gave out some Acer Incorporated (TPE : 2353) laptops (Ferrari 1000 and 5000 series) to selected bloggers this year just before Christmas. Some called it early C [...]
December 29th, 2006 by financetwitter
There's a saying "only during disaster will you be able to judge a system" - in this case the telecommunications across Asia after earthquakes off Taiwan damaged cables and knocked thousands offline. While most of Asia's telephone traffic and Internet access in many countries had improved it is stil [...]
December 29th, 2006 by financetwitter
We witnessed the latest in next-generation gaming console this year, 2006. We saw the launching of Sony PlayStation-3, Nintendo and Microsoft's latest Xbox out in late '05. I'm still happy with my PS2 (PlayStation-2) and I'm not going to fall into the high-price due to the craze of people rushing to [...]
December 28th, 2006 by financetwitter
Internet and phone services were disrupted across much of Asia, and may take weeks to be fully restored due to an 7.1-magnitude earthquake in Taiwan on Tuesday, 26-Dec-2006, night which damaged undersea cables, leaving one of the world's most tech-savvy regions in a virtual blackout.The earthquake d [...]
December 27th, 2006 by financetwitter
In 2004, AirAsia formed successful joint ventures in Thailand and Indonesia where AirAsia holds 49% stake in both companies. Thai AirAsia, a joint venture with Shin Corporation, Thailand’s largest telecommunication conglomerate, took to the skies in Feb 2004.Ernst & Young in a statement said A [...]
December 27th, 2006 by financetwitter
AirAsia Bhd (KLSE : AIRASIA, stock-code 5099) group chief executive officer Datuk Tony Fernandes has been named "Malaysia's Ernst & Young Entrepreneur of the Year 2006", for his efforts in revolutionizing the air travel industry in the region. He also won the "Master Entrepreneur of the Year" aw [...]
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